Exhibit 12
E. I. DU PONT DE NEMOURS AND COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
Years Ended December 31
1994 1993 1992 1991 1990
Net Income ............................................ $2,727 $ 566(a) $ 975(a) $1,403 $2,310
Provision for Income Taxes ............................ 1,655 392 836 1,415 1,844
Minority Interests in Earnings of Consolidated
Subsidiaries ........................................ 18 5 10 6 3
Adjustment for Companies Accounted for
by the Equity Method ................................ 18 41 6 35 29
Capitalized Interest .................................. (143) (194) (194) (197) (161)
Amortization of Capitalized Interest .................. 154 144 101 94 84
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4,429 954 1,734 2,756 4,109
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Fixed Charges:
Interest and Debt Expense - Borrowings(b)............ 559 594 643 752 773
Adjustment for Companies Accounted for by
the Equity Method - Interest and Debt Expense ..... 55 42 62 11 9
Capitalized Interest ................................ 143 194 194 197 161
Rental Expense Representative of Interest Factor .... 118 143 151 162 163
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875 973 1,050 1,122 1,106
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Total Adjusted Earnings Available for Payment of
Fixed Charges ....................................... $5,304 $1,927 $2,784 $3,878 $5,215
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Number of Times Fixed Charges Are Earned .............. 6.1 2.0 2.7 3.5 4.7
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(a) Income Before Extraordinary Item and Transition Effect of Accounting
Changes.
(b) The weighted average interest rate on short term borrowings outstanding at
December 31, 1994 and 1993 was 5.85% and 4.91%, respectively. Average
dollar amount of borrowings outstanding for the years ending December 31,
1994, 1993, and 1992, was $9,140, $11,390, and $10,770 respectively, based
on month-end balance during this period, and the average interest rate for
such borrowings was 7.24%, 6.56%, and 7.37%, respectively.